Animal Sourced Squalene Market Size, Share, Industry Trends and Forecast to 2030

Animal Sourced Squalene Market Size & CAGR in 2021

The global animal sourced squalene market is expected to reach a CAGR of 4.2% from 2021 to 2026. As a result, the market size is projected to grow by USD 285.6 million by the end of 2026.

COVID-19 Impact on the Animal Sourced Squalene Market

The COVID-19 pandemic has significantly impacted the animal sourced squalene market, with disruptions in the supply chain, reduced production capacities, and changing consumer behavior affecting the market dynamics. The global lockdown measures and travel restrictions have posed challenges for the transportation of animal sourced squalene products, leading to a decline in market growth.

Animal Sourced Squalene Dynamics

The animal sourced squalene market is driven by increasing demand for natural ingredients in cosmetics and pharmaceutical products. The health benefits associated with squalene, such as anti-aging properties and immune system support, have led to a rise in consumer preference for animal sourced squalene products. In addition, the growing awareness about the sustainability and ethical sourcing of animal derived ingredients has further boosted market growth.

Segments and Related Analysis

The animal sourced squalene market can be segmented based on product type, application, and region. Product types include shark liver oil squalene and olive oil squalene, while applications cover cosmetics, pharmaceuticals, and dietary supplements. Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

By Region Analysis

- North America: The North American region is expected to dominate the animal sourced squalene market, driven by the presence of key market players and high consumer demand for natural ingredients in cosmetic products. - Europe: Europe is projected to witness significant growth in the animal sourced squalene market due to increasing investments in research and development and a preference for organic skincare products. - Asia Pacific: The Asia Pacific region is anticipated to experience rapid market growth attributed to the rise in disposable income, changing lifestyle trends, and a growing focus on personal care products. - Latin America: Latin America is likely to showcase steady growth in the animal sourced squalene market, supported by the expanding cosmetics industry and a shift towards sustainable sourcing practices. - Middle East & Africa: The Middle East and Africa region are expected to witness moderate growth in the market, driven by the rising demand for natural ingredients in pharmaceutical applications.

Key Market Players and Competitive Landscape

Some of the key players in the animal sourced squalene market include Amyris Inc., Sophim, Nucelis, Ekiz Olive Oil & Soap Inc., and SeaDragon Marine Oil Limited. These companies are focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position and expand their product portfolio.

Recent Happenings in the Animal Sourced Squalene Market

- In March 2021, Amyris Inc. announced the launch of a new line of animal sourced squalene-based skincare products, targeting the premium skincare market. - In August 2021, Sophim introduced a sustainable sourcing program for shark liver oil squalene, emphasizing ethical practices and conservation efforts. - In January 2022, Nucelis collaborated with a leading pharmaceutical company to develop squalene-based vaccines, leveraging the immunomodulatory properties of squalene.